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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

Small caps higher at lunch but blue chip brother higher

Junior oilers were making ground as small cap indices went higher but were still left in the rear view mirror by FTSE100.

Junior oilers were making ground as small cap indices went higher but were still left in the rear view mirror by FTSE100.

FTSE AIM 100 was up 0.64% at the midday point at 3,275, while FTSE AIM All share gained 0.57% to 701.590.

Bigger blue chip brother FTSE100 gained 1.29% to 6,114 with Aviva (LON:AV.) the biggest gainer, up 5.26% to 490.3p, as it continues to bask in the market's reception of its full year 2015 numbers.

The big faller on Footsie was Marks & Spencer (LON:MKS), which shed 2.8% at 395.3p.

Brent crude futures at the time of writing were up 1.4% at US$40.65 a barrel for May delivery and WTI was also higher. Juniors Edge Resources (LON:EDG), up 28.57% to 0.23p; Petrel (LON:PET), up 22.73% to 3.38p and Prospex Oil (LON:PXOG) ,up 48% to 2p were all higher.

Miners were also among gainers with Tertiary Minerals (LON:TYM) up 20% to 1.62p and SolGold (LON:SOLG) over 18% ahead at 3.38p.

Among the big losers was stamps and collectibles firm Stanley Gibbons (LON:SGI), down 39.6% to 22.5p, as it confirmed that it's very close to concluding the terms of an equity fundraising of around £13 million by the issue of new ordinary shares at a price of 10p.

Also on the up was internet domain name management company Minds + Machines Group Ltd (LON:MMX) after it entered into a co-marketing agreement with the controller of the .club and .bar top level domains to co-promote Minds + Machines group's .beer and .vodka domains to the US nightclub and bar industry via North America's second largest registrar group through Name.com. Shared added 3.9% to 10p a pop.

Drug developer Scancell Holdings PLC (LON:SCLP) advanced 7.8% to 19p as it said it is teaming up with Sweden’s leading research organisation. The collaboration could aid the development of one of Scancell's two breakthrough technologies.

W Resources (LON:WRES) added 4.26% to 0.49p as the tungsten, gold and copper junior raised £750,000 through a share placing backed by its directors.

W Resources is developing the La Parrilla project in Spain, where tungsten production at a "fast-track mine" is scheduled for late 2016 at an estimated cost of US$16mln.

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